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Daily inventory and StatiStical inventory analySiS - Maine

Daily inventory and StatiStical inventory analySiS - Maine 2025

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The document outlines the procedures for Daily Inventory and Statistical Inventory Analysis (SIA) as part of the TankSmart Operator Training Program in Maine. It details the steps for monitoring fuel levels, detecting leaks, and maintaining compliance with state regulations. Key components include daily measurements of fuel and water levels, calculations of variances, and annual reporting to approved SIA providers. The document emphasizes the importance of accurate record-keeping and provides guidelines for identifying potential leaks in underground storage tanks.

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What is the inventory reconciliation?

Inventory reconciliation is the process of comparing your inventory data with what you physically have in stock. Such a comparison of physical inventory and data records helps a business identify discrepancies. The process involves an in-depth review of physical inventory of different materials and their quantities.

What is the statistical inventory reconciliation sir?

SIR is a test of the entire UST system. Losses are reported regardless of their origins. So, whether you are losing product as a result of a tank leak, a line leak, miscalibrated equipment, or theft, a FAIL will result if the estimated leak rate exceeds the threshold for calling a leak.

What is sir in inventory?

One of the available leak detection methods is Statistical Inventory Reconciliation (SIR). In this method, a trained professional uses sophisticated computer software to conduct a statistical analysis of inventory, delivery, and dispensing data.

What is statistical inventory control?

These methods are also called Statistical Inventory Control Method where the quantity and period are operated and controlled as standards of order by setting them based on the past usage. This method features dependently and individually controlling target items.

When using statistical inventory reconciliation, what is the required leak rate for monthly tank and line leak detection?

The method must be able to detect a 0.20 GPH leak rate or a release of 150 gallons within a month with a PROBABILITY OF DETECTION of at least 0.95 and a PROBABILITY OF FALSE ALARM of no more than 0.05.